Trial balance means

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Expressions researched:
"Trial balance means"


1971 Correspondence

Trial balance means to test how the accounts are kept scientifically.
Letter to Jayapataka -- London 24 August, 1971:

Please accept my blessings. I beg to acknowledge receipt of your letters dated 17th August, 1971 and have noted the contents carefully. There will be many discrepancies in the trial balance if books are not kept properly. Trial balance means to test how the accounts are kept scientifically. So if the accounts are not kept properly but haphazardly there will never be a correct trial balance. To present a correct trial balance means to correct the whole past accounting system. One letter has just come from Giriraja in which it is said "As for accounts, at least the trial balance sheet has shown great discrepancies. For example I have collected Rs 70,000/- from the Maidan advertisers, but only Rs. 55,000/- has been recorded, and after being informed I was able to account for a possible Rs 5600/- of the difference, but still Rs 9,400/- is unaccounted for. Also a profit of Rs. 15,000/- was supposed to have been made due to the maidan program, and that profit was to have paid off a previous Calcutta debt to the building fund, but now that Rs 15,000/- has been spent for maintenance, and an additional Rs 8000/- of membership money collected since the program has also been spent, so the Calcutta debit is now Rs. 23,000/- and is increasing".

Facts about "Trial balance means"
Compiled byRishab +
Completed sectionsALL +
Date of first entryFebruary 3, 0012 JL +
Date of last entryFebruary 3, 0012 JL +
Total quotes1 +
Total quotes by sectionBG: 0 +, SB: 0 +, CC: 0 +, OB: 0 +, Lec: 0 +, Conv: 0 + and Let: 1 +